#banknifty analysis for 16th April:-
#banknifty analysis for 16th April:-
Decision Zone:- 32,052 - 32,330
Resistance Zone:- 32,544 / 32,710 / 33,021
Support:- 31,913 /31,584 / 31,319
The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 33,300 levels.
Supporting view:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Decision Zone:- 32,052 - 32,330
Resistance Zone:- 32,544 / 32,710 / 33,021
Support:- 31,913 /31,584 / 31,319
The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 33,300 levels.
Supporting view:-
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.